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>> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well generally when we talk about the difference between spending cuts or tax increases you have to think of taxes as having 1 1/2 times the impact because what that does, there is a trickle down, in fact. we pull out the dollars from investment that would otherwise go to growing businesses investing in equipment, capital and additional employees. right now that is the biggest impact we're not seeing businesses expand and absorbing out that additional l
>> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is...
WHUT (Howard University Television)
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Dec 31, 2012
12/12
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WHUT
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it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. economy has been struggling to grow about 2% or higher over the past or since the recession. you should take 2.5% and you get - 1, and that is recession. the issue is, there does need to be fiscal retraction in the west wing of the state and federal government debt, -- in 25 year'' time, we estimate a change. it will be something like 200 or three under% of gdp, which will be totally unsustainable for any government. the problem is, what the politicians not able to agree on this issue, it is going to be very difficult to agree on the serious long-term issue. >> what does it mean for the global economy? >> u.s. economy is important to the global economy. we don't think there'll be a u.s. r
it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. economy has been struggling to grow about 2% or higher over the past or since the...
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Dec 27, 2012
12/12
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the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who w
the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy,...
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Dec 28, 2012
12/12
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make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the moment the politicians place their reelection and their career ahead of their party in the country, we want to reverse, we want the country to come first and that is the only way they can do it. the tea party has been very effective in targeting tax you see being argued now in congress and the house. with the republican party, the wrong target. the tea party in my view should be targeting single term limits for all politicians. dennis: even if selfless members of congress voted for a single term limits don't you worry that they wouud be a bunch of amateurs and only basically getting their ea legs by the end of
make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything to buy flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning for as many months as they can but days reckoning is twenty eight isn't comic is there anything to look forward to . what's that i could hear you this beautiful eve. here in london. herbert is dancing on the bridge i could hear you is there anything to look forward to it twenty thought you know we all do. it carney rory well you know get up and i'll just going to say let's get the whole you are problems and the whole fiscal problems out of our head it's you're in london there we got the big london eye behind you looking absolutely gorgeous the thames which is probably a bit icy in chile right now don't go for a bit like i did but max what are your plans to ring in the new year for two thousand and thirteen london style. oh yeah offerto
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything to buy flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning for as many months as they can but days reckoning is twenty eight isn't comic is there anything to look forward to . what's that i could hear...
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fiscal cliff is just more drama more theater it doesn't really focus on the true underlying problem that we're going to see more of this going forward in two thousand and thirteen. tension from the mob with their pitch forks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day of reckoning the twenty third it's comic. max keiser that was not too happy about it the e.u. is also celebrating yet with all of. you and hear what the coming. to america's main political event the presidential election it was a tight race with runners neck and neck until barack obama convincingly beat his republican rival mitt romney well that competition overshadowed some third party candidates will have to struggle to get their voices heard what is going to. go to the white house. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama
fiscal cliff is just more drama more theater it doesn't really focus on the true underlying problem that we're going to see more of this going forward in two thousand and thirteen. tension from the mob with their pitch forks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day of reckoning the twenty third it's comic. max keiser that was not too happy about it the e.u. is also celebrating yet with all of. you and...
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Dec 26, 2012
12/12
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we may or may not go over the fiscal cliff but regardless the economy is stalled and taxes are going up. there is certainty but not just great certainty. >> as a family-owned business after 91 years of being in business we know there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow u to provide our people employment and create prosperity and we have to be able to do that in a unified way because even though the forecast can look bleak at different times we have an incredibly resilient economy and great job creators out there who just given the chance will make a big difference. that is what we have to continue working on. melissa: but, jim, aren't you afraid of being punished either by the public or by the government for speaking out at this point? i mean i have talked privately to people on wall street who have said, you know, they feel like they get pistol-whipped when they say anything against the administration. that it comes back to bite them. so at this p
we may or may not go over the fiscal cliff but regardless the economy is stalled and taxes are going up. there is certainty but not just great certainty. >> as a family-owned business after 91 years of being in business we know there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow u to provide our people employment and create prosperity and we have to be able to do...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning in twenty eight it's coming. well there was one common new year wish among europeans their leaders might ease up on the cuts. all the government's listening well the truth is the government can't afford to listen. one of our economic contributors says countries are still heading down the wrong path explains why shortly. in a tough twelve months for the world's top whistleblower joining the sun spent half of twenty twelve under house arrest and they remained in the ecuadorian embassy in london correspondent sara firth has been following his ups and downs through the year a lot of you say we did more in a year old media organizations decades we've really had a front of everything that's
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning in twenty eight it's coming. well there was one common new year wish among europeans their...
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the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon jailed sunday publisher of the trans journal i think. some of you like what you see so far go to our you tube channel i youtube dot com. well. this month high tech means good help whether it be the latest laser cutters or lifesaving heartfelt russian innovators are working hard to keep you healthy for some companies it's been a winding road from car simulators to cutting edge streaming systems for others it's been a lifetime the work of locking the mysteries of the skull chikatilo on technology we've got the future. please please. please. please. cut cut cut. cut cut cut . so guys you hear me talk about the corporate media on this show every single day i criticize the mainstream press because what they do is a service for focus of what should be important to average human beings as substituted by ational isn't censorship and lies twenty four hours a day seven days a week and now that we're literally days away from two thousand and thirteen it's im
the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon jailed sunday publisher of the trans journal i think. some of you like what you see so far go to our you tube channel i youtube dot com. well. this month high tech means good help whether it be the latest laser cutters or lifesaving heartfelt russian innovators are working hard to keep you healthy for some companies it's been a winding road from car...
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the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. so if you like what you see so far go to our you tube channel youtube dot com slash break in on that and drive check out our facebook page at facebook dot com plus breaking the set there one about what i'm doing when i'm not on air follow me on twitter at abby martin so stay tuned to hear about the top news stories i think the mainstream media missed this past year. if. it is easy to view it is easy to. see feel. such. claim. i am playing i've got a. player. playing. it'll be. a it. so guys you hear me talk about the corporate media on this show every single day i criticize the mainstream press because what they do is a disservice focus of what should be important to average human beings as substituted by ational ism censorship and lies twenty four hours a day seven days a week and now that we're literally days away from two thousand and thirteen it's important look back to some of the most under reported
the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. so if you like what you see so far go to our you tube channel youtube dot com slash break in on that and drive check out our facebook page at facebook dot com plus breaking the set there one about what i'm doing when i'm not on air follow me on twitter at abby martin so stay tuned to hear about the top news stories...
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the fiscal cliff all that stuff want to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to our you tube channel i youtube dot com slash brag about that and drive check out our facebook page at facebook dot com plus ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think that mainstream media missed this past year or. download the official publication to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television well it just doesn't do so now with your mobile device you can watch on t.v. anytime anywhere. wealthy british style sun. that's not on the typewriter the free. market why not. come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kinds a report. you know sometimes you see a story and it
the fiscal cliff all that stuff want to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to our you tube channel i youtube dot com slash brag about that and drive check out our facebook page at facebook dot com plus ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think...
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the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to or you can channel i youtube dot com slash break in on that and scribe check out our facebook page at facebook dot com bust ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think the mainstream media missed this past year. the been issued free cretaceous free in-store charges free arrangement free risk free. types free. download free broadcast quality video for your media projects a free media dog our teeth on tom. you know sometimes you see a story and it seems so for like sleep you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. so if you hear me talk about the corporate media on this show every single day i c
the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to or you can channel i youtube dot com slash break in on that and scribe check out our facebook page at facebook dot com bust ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i...
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jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of bankers who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning twenty eight it's coming. my mother was one comin knew you wish mom europeans that their leaders might look. all the government's listening well the truth is the government's come to afford to listen to one of our economic contributors of the year says countries still heading down the wrong path . it's been a tough twelve months for the world's top in the sun spent twenty twelve and house arrest in the remainder of the ecuadorian embassy in london a corre
jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of bankers who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day's reckoning in twenty thirteen it's comic and well there was one coldly new year with the europeans that their leaders might ease up on that. all governments listening well the truth is the government's accompt afford to lose some of our economic contributors says countries are still heading down the wrong policy he tells his wife. but a tough twelve months for the world's top whistleblower julian assange spent hoffa twenty twelve under house arrest in the remainder of the ecuadorian embassy in london our correspondent has been following his ups and downs throughout the last twelve months. a lot of you say weekly did more in a year would see the most media organizations have done decades we've
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day's reckoning in twenty thirteen it's comic and well there was one coldly new year with the europeans...
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Dec 27, 2012
12/12
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the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who w
the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy,...
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Dec 31, 2012
12/12
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WETA
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of recession. >> the fiscal cliff is a series of spending cuts and tax rises. the uncertainty is already hurting the economy here and americans are angry. >> there is no reason they can't sell it. >> i'm frustrated with all of capitol hill. it is a lot of people to feel that way. it is disgraceful what's going on and we have to put some people who will compromise and of these guys can do it, get rid of them. >> even if the deal isn't found, it won't fix america's budget problems. the government has been tried and found wanting. >> let's take you back to the scene of the greek capital, athens. we did not do it much just as we came to at midnight but the fireworks are under way. it is a country in the deep crypts of austerity budget is perhaps the greeks for getting the financial woes of the country for a few hours. let's leave this beautiful scenes in aphids and go back to the continuing saga on capitol hill. steve kingston is following develops -- following developments. >> both sides are expressing cautious optimism that the framework appears to be in place. p
of recession. >> the fiscal cliff is a series of spending cuts and tax rises. the uncertainty is already hurting the economy here and americans are angry. >> there is no reason they can't sell it. >> i'm frustrated with all of capitol hill. it is a lot of people to feel that way. it is disgraceful what's going on and we have to put some people who will compromise and of these guys can do it, get rid of them. >> even if the deal isn't found, it won't fix america's budget...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning first many months if they can but that day's reckoning in twenty thirteen it's comic. because it was one cold when you wish among europeans that their leaders might ease up on the cuts. all of the government's listening while the truth is the government's counterforce to listen to. one of our economic contributors says countries a still head of the wrong tells us why surely. it's been a tough twelve months for the world's top and his son spent spending half of it under house arrest the remainder an ecuadorian embassy in london a correspondent sort of following his ups and downs through the. a lot of you say wiki leaks in jail is like that more in a year ot than most media organizations have done in decades we've really had a front se
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning first many months if they can but that day's reckoning in twenty thirteen it's comic. because it was one cold when you wish among europeans...
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Jan 1, 2013
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of recession. >> the fiscal cliff is a series of spending cuts and tax rises. the uncertainty is already hurting the economy here and americans are angry. >> there is no reason they can't sell it. >> i'm frustrated with all of capitol hill. it is a lot of people to feel that way. it is disgraceful what's going on and we have to put some people who will compromise and of these guys can do it, get rid of them. >> even if the deal isn't found, it won't fix america's budget problems. the government has been tried and found wanting. >> let's take you back to the scene of the greek capital, athens. we did not do it much just as we came to at midnight but the fireworks are under way. it is a country in the deep crypts of austerity budget is perhaps the greeks for getting the financial woes of the country for a few hours. let's leave this beautiful scenes in aphids and go back to the continuing saga on capitol hill. steve kingston is following develops -- following developments. >> both sides are expressing cautious optimism that the framework appears to be in place. p
of recession. >> the fiscal cliff is a series of spending cuts and tax rises. the uncertainty is already hurting the economy here and americans are angry. >> there is no reason they can't sell it. >> i'm frustrated with all of capitol hill. it is a lot of people to feel that way. it is disgraceful what's going on and we have to put some people who will compromise and of these guys can do it, get rid of them. >> even if the deal isn't found, it won't fix america's budget...
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Dec 29, 2012
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why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could be reached. he's counting on the sen if we l cliff because john boehner, the speaker of the house of representatives wasn't able to get the republicans to get the republicans to support a plan b. >> here is the rub, may i go? here is the rub. >> please. >> boehner knows how to negotiate and took on bowles plan, simpson bowles, he took on part of their plan, his first proposal. his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> no
why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could...
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Dec 30, 2012
12/12
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that is being discussed as part of a fiscal cliff deal but money believe that will hurt the economy and giving a disincentive to invest money. is that just focused on the real wealthy? >> i hear that argument a lot. number one, i'm really tired of our tax policy decisions and everything being made by what the market is going to do in the next quarter. look, this is an aberration and the tax code and grossly unfair. you look at say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean a lot of small businesses are going to pay that nearly 40% marginal tax rate where you have billionaire private equity funds paying 15, 20 or even 24 depending on where they put it. not an issue of penalizing investment income but penalizing labor and those who make their income through wages and they should both be taxed at the same rate. i do, again, fundam and at least raising the capital gains rate would help address this anomaly and susan collins and clara mccasical give legitimate -- you have billionaire equity managers paying 39%. i think this is a
that is being discussed as part of a fiscal cliff deal but money believe that will hurt the economy and giving a disincentive to invest money. is that just focused on the real wealthy? >> i hear that argument a lot. number one, i'm really tired of our tax policy decisions and everything being made by what the market is going to do in the next quarter. look, this is an aberration and the tax code and grossly unfair. you look at say they raise tax rates, the top tax rate to 39.6% for those...
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Dec 28, 2012
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economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level o
economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's...
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economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and we're going to get aggressively to change the whole twenty fifth i'm sure that with legal separation of the banks and now we need some of the there are these where this bill is passed today or tomorrow obama is live we nothing good we people with. and now let's take a look at how two thousand and twelve on the whole unfolded for america last year was a success for barack obama who secured his second u.s. presidency a washington correspondent says he not only succeeded in snatching victory from arch rival mitt romney but also votes from the third party candidates as well. there
economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and...
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Dec 28, 2012
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economy avoiding a second potentially devastating economic blow, amid the fight over the fiscal cliff, as a temporary deal is reached to avert a strike at u.s. ports, for now anyway. major ports in more than a dozen states up and down the eastern seaboard would have been affected with potential losses estimated to be in the billions. and now it looks like they will have 30 days, anyway, to come up with a permanent plan to avoid a strike that could potentially put thousands of americans out of work. phil keating is live for us in miami with the very latest on this phil? >> reporter: hello. good afternoon and this just goes to show that two sides on two ends of the spectrum can negotiate and an agreement. this of course involves all the east coast and gulf coast ports that deal with containers. there will not be a strike and there will not be a shutdown this weekend. however the key sticking point had been, and the details that remained murky as to what the resolution has been, but the key sticking point was with international longshoreman's association and the shipping companies over w
economy avoiding a second potentially devastating economic blow, amid the fight over the fiscal cliff, as a temporary deal is reached to avert a strike at u.s. ports, for now anyway. major ports in more than a dozen states up and down the eastern seaboard would have been affected with potential losses estimated to be in the billions. and now it looks like they will have 30 days, anyway, to come up with a permanent plan to avoid a strike that could potentially put thousands of americans out of...
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Dec 28, 2012
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will fall over that fiscal cliff. it would just be too great, the consequences to dyer, not just for the united states, but for the world economy, too, also for germany, but people do not know, and they do not like the prospect of a decision may be taking more time, may be even reaching into the year 2013. it would be a pretty bad start, a rumbly start to the new year, people think. the trading was careful. the shares lost some momentum in late trading, late european trading when the u.s. began in the negative zone, and the fact that people were nervous also demonstrated by a lot of money going into the suppose it's safe haven of german bonds and into gold. >> let's take a look at the latest market numbers for you, starting in germany. the dax ended the day just a tad up. euro stoxx 50 also made gains on the day. crossing over to new york, the picture is quite different. a lot of pessimism there. the euro gaining some ground against the dollar. it is not the only source of uncertainty in the world economy. >> a leadin
will fall over that fiscal cliff. it would just be too great, the consequences to dyer, not just for the united states, but for the world economy, too, also for germany, but people do not know, and they do not like the prospect of a decision may be taking more time, may be even reaching into the year 2013. it would be a pretty bad start, a rumbly start to the new year, people think. the trading was careful. the shares lost some momentum in late trading, late european trading when the u.s. began...
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Dec 27, 2012
12/12
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because a, japan's because of japan's large budget deficit. >> the japanese fiscal cliff will be larger than the one in the united states, because japan's financial burden is considerably heavier than the other developed nations. in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost its economy so that you can see an uptick of growth in the first half of next year. >> toyota is having its largest ever safety crisis, but it will cost more than a billion dollars. japanese automakers selling with customers in the u.s. will say that their vehicle suddenly exploded for no reason. about 16 million vehicles were sold between 1998 and 2010. investors are relieved the payout was not even bigger. shares ended the day a little in tokyo. -- up a little. israeli-arab politician is appealing to the supreme court after she was barrestole the american dream, thursday, 30 eastern, 7:00 p.m. pacific.
because a, japan's because of japan's large budget deficit. >> the japanese fiscal cliff will be larger than the one in the united states, because japan's financial burden is considerably heavier than the other developed nations. in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost...
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Dec 24, 2012
12/12
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stocks stumbled on wall street and talks staaled on the fiscal cliff. the dow dropped nearly 121 points on friday while the nasdaq fell 29. >>> as the americans hit the road for holiday travel, they'll be paying less at the gas pump. according to aaa, the national average is about 3.25 cents for regular. that's town 16 cents from a month ago. >>> "the hobbit:an unexpected journey." took in $27 million. duarte? >> thank you, erica ferrari, here in new york. >>> in sports the seahawks put a damper on the 49ers' plan of winning the midwest. they have a field goal block. it's scooped up by the seahawks richard sherman who brings it back for a touchdown. blows out san fran, 42-13. >>> and the baltimore ravens are the champions of the afc north. the ravens get on the board first with a touchdown grab by torey. win. ass the giants for a 33-14 when we return, the holiday hit a high note. audiences around the world take part at an annual sing-a-long. ♪ oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer,
stocks stumbled on wall street and talks staaled on the fiscal cliff. the dow dropped nearly 121 points on friday while the nasdaq fell 29. >>> as the americans hit the road for holiday travel, they'll be paying less at the gas pump. according to aaa, the national average is about 3.25 cents for regular. that's town 16 cents from a month ago. >>> "the hobbit:an unexpected journey." took in $27 million. duarte? >> thank you, erica ferrari, here in new york....
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Dec 24, 2012
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the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift through this week, including the latest on home prices and sales, consumer confidence and jobless claims. >>> it's not only investors but washington's failure to agree on a budget is affecting everyday americans' confidence about their finances. the university of michigan says its consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. >>> these are definitely the times we need comfort food the most. thank goodness twinkies, wonder bread and devil dog
the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift...
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Jan 1, 2013
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john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from tax increase tomorrow. there are a number of issues on which the two sides are still apart, negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate on upper income people at 39.6%. the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals, and $10 million fo
john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and...
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Dec 27, 2012
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and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the w
and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how...
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also gave his full cost on how the financial winds will blow in twenty eight thirty the fiscal cliff just more theater. for manipulating the system. trying the economy. grow more theater it doesn't really focus on the true underlying problem that we're going to see more of this. tension. and. they want to just delay that for many months if they can but that day of reckoning . it's. one of the. not too happy about it the e.u. is also celebrating with. twenty twelve new. to america's main political event the presidential election and it was a close race with the runners neck and neck until convincingly beat his republican rival mitt romney but the competition overshadowed some third party candidates who were left struggling to get their voices. on the road to the white house. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama the two thousand and eight euphoria was gone that's for sure b
also gave his full cost on how the financial winds will blow in twenty eight thirty the fiscal cliff just more theater. for manipulating the system. trying the economy. grow more theater it doesn't really focus on the true underlying problem that we're going to see more of this. tension. and. they want to just delay that for many months if they can but that day of reckoning . it's. one of the. not too happy about it the e.u. is also celebrating with. twenty twelve new. to america's main...
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economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big global economy and the wealth of the population is not good at all for nothing it's going to be resolved we're going to get aggressively to change the whole by means of with them so that with the eagle separation of the banks now will we need them to death with these with bills today or tomorrow obama is believes we nothing good for the american people that. are now let's look at how two thousand and twelve on the whole unfollowed folded for america last year was a success for barack obama who secured his second term as president our washingt
economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big...
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Dec 28, 2012
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gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris vanhollen joins us next. pwhrafp [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. . patti ann: fox news alert, potentially good news for the nation's housing market. pending home sales, which measure homes that are in contract and about to be sold rose 1.7% in november to
gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from...
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Dec 24, 2012
12/12
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the big worries about the fiscal cliff and how that's going to affect the economy as a whole. you look at oil prices and they have barely moved since late october. oil prices are between $85 to $90 a barrel since late october. and when oil prices stabilize for a longer time, as they have been, it gives gas prices a better chance to stabilize as well. but you look at it broadly, though, the gas prices are not falling for the the right reason. we could go back into a recession and it's those concerns for a downturn in the economy that are actually pushing prices lower. >> all right. alison kosik, live from the new york stock exchange. thank you as always. >>> the head of the national rifle association says to call him crazy for proposing more guns in schools. the nra's ceo wayne lapierre insists a ban on assault weapons won't prevent mass killings, which he blames on violent video games and the media. he says armed guns eed guards are the best way to prevent tragedies. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call
the big worries about the fiscal cliff and how that's going to affect the economy as a whole. you look at oil prices and they have barely moved since late october. oil prices are between $85 to $90 a barrel since late october. and when oil prices stabilize for a longer time, as they have been, it gives gas prices a better chance to stabilize as well. but you look at it broadly, though, the gas prices are not falling for the the right reason. we could go back into a recession and it's those...
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Dec 27, 2012
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 25, 2012
12/12
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washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute shoppers to boost their bottom lines but experts say they could be disappointed. fox business network's adam shapiro has that news. adam? >> so the holiday shopping season, when you crunch the numbers, may not prove to be as merry as some people had hoped for. first the good news, national retail federation saying they are still on track for growth of 4.1% over the last we have 586 billion-dollar holiday shopping season. according to the nrf. we won't get the final numbers until after the holidays have played out. already though, shopper track is indicating it's n
washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute...
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Dec 28, 2012
12/12
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economy going over the fiscal cliff. the president will meet with congressional leaders at the whiteout at about 3:00 p.m. eastern. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. spending majority leader says harry reid says prospects for monday are unlikely. senate majority leader believes there is still time for an agreement to be reached. >> republicans aren't about to sign a blank just just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> alistair newton joins us here as a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. 27% cited the gop is responsible. 16% blaming the president, 6% pointing to the democrats while 31% said they would blame all of the above for going over the cliff. alistair newton, you've seen the attitu
economy going over the fiscal cliff. the president will meet with congressional leaders at the whiteout at about 3:00 p.m. eastern. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. spending majority leader says harry reid says prospects for monday are unlikely. senate majority leader believes there is still time...
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Dec 26, 2012
12/12
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 26, 2012
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nuclear disaster. >>> six days to go before the fiscal cliff deadline and tomorrow could be make or break in determining if we steer clear or go over the edge. president obama is cutting his hawaiian vacation short and is leaving tonight and will be back tomorrow. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he says it's a way to send elected official as a respectful but potent message, urging them to come together to fin common ground. not grounds, ground. >> all of the bickering in washington, all it will take is a cup at starbucks, i think it will push everybody over the edge. get a deal. >>> ahead, a u.s. marine who languished in a mexican prison for months, gets to spend the holidays at home with his family. >>> coming up, we'll talk to one of the lawmaker who's helped win his release. you're watching "starting point." ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's b
nuclear disaster. >>> six days to go before the fiscal cliff deadline and tomorrow could be make or break in determining if we steer clear or go over the edge. president obama is cutting his hawaiian vacation short and is leaving tonight and will be back tomorrow. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he...
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Dec 28, 2012
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experts predict failure to reach agreement on the fiscal cliff will cause the economy to contract by the year 2013 by half a percent, likely causing unemployment to climb to 9.1%, pushing our nation back into recession. but it doesn't have to be this way. mr. president, it is only because of stubbornness and stagnation on both sides of the aisle that we find ourselves facing this great challenge at the 11th hour. the blame game has shifted into full gear but there will be no winners if both sides continue to play this game of chicken. the united states is in a critical juncture. we could come together and show the world america's still the leader of a global economy, or we can let obstructionism turn this country into a second-rate superpower. mr. president, just last week i was doing some last-minute holiday shopping for my family. in one store i asked the salesclerk how business was going. we got to talking and she told me how numbers were dramatically down this year. she said people were worried. with so much uncertainty about the future, the fragile economy, see she said it's har
experts predict failure to reach agreement on the fiscal cliff will cause the economy to contract by the year 2013 by half a percent, likely causing unemployment to climb to 9.1%, pushing our nation back into recession. but it doesn't have to be this way. mr. president, it is only because of stubbornness and stagnation on both sides of the aisle that we find ourselves facing this great challenge at the 11th hour. the blame game has shifted into full gear but there will be no winners if both...
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Dec 26, 2012
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economy from going over the fiscal cliff as a group of democrats push for the extension of most of the bush-era tax cuts, cuts they say staunchly -- they opposed years ago. joining us now to talk about it, tony -- [inaudible] a republican political analyst and consultant and a national political correspondent for talk radio news service. michael is a democratic strategist, and he joins us as well. good to see you both. tony, look, the word we're getting is that harry reid is going to pass an extension of the bush tax cuts for anybody under 250,000, extend unemployment benefits for two million folks. um, now, if that happens, it goes to the house, and the house will probably have to put it up. aren't republicans, your party, going to wish that they had passed plan b? >> absolutely, gregg. look, plan b really should have been our plan a, number one. number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president ta
economy from going over the fiscal cliff as a group of democrats push for the extension of most of the bush-era tax cuts, cuts they say staunchly -- they opposed years ago. joining us now to talk about it, tony -- [inaudible] a republican political analyst and consultant and a national political correspondent for talk radio news service. michael is a democratic strategist, and he joins us as well. good to see you both. tony, look, the word we're getting is that harry reid is going to pass an...
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Dec 24, 2012
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with the lingering worries tonight after weak economy and the looming fiscal cliff, many consumers are left saying bah humbug. here is brenda buttner, senior business correspondent and anchor of bulls and bears. >> harris, they are filling up the stores, but not emptying out their wallets. after a strong black friday, this holiday shopping season may not have a strong finish. consumer confidence is at a five month low and shopper track, cut its forecast for holiday spending down to 2.5% increase rf the expectations of 3.3% rise. what does it mean? remember, the holiday season is huge for retailers. it can make up about a third of annual sales and half of profit for many chains, this final stretch is especially key as many buyers wait to get the deepest discounts. retailers are cutting. big discounts hit this final shopping weekend. better late than never perhaps for those looking for deals, but profits could suffer. almost anytime you save 50% off, retailers may be losing money. looking for a grinch in all this? d.c. gets the blame. the increasing chance we may fall off the fiscal clif
with the lingering worries tonight after weak economy and the looming fiscal cliff, many consumers are left saying bah humbug. here is brenda buttner, senior business correspondent and anchor of bulls and bears. >> harris, they are filling up the stores, but not emptying out their wallets. after a strong black friday, this holiday shopping season may not have a strong finish. consumer confidence is at a five month low and shopper track, cut its forecast for holiday spending down to 2.5%...